Loading ...Re Platinum and palladium
Platinum is a precious metal, it is the most precious of all, as it is found in the smallest amounts of any of them …it always traded at a premium to Gold , for that reason and was /is a favourite in the far east for jewellery, as it looks better on yellowish skin ……it is only the last decade or so that relationship has completely fallen apart.
The old relationship was anything above $ 150 premium u sold plat bt gold, any discount u bought plat sold gold…then in 2008 it shot out to $ 1300 premium……then fell apart…. falling year after year, all the way down to Minus $ 2500 in 2025.
I think what happened recently was the AU/AG spread suddenly dropped, as someone took big profits and maybe the same people started getting out of the Plat/Au spread….but both found no offers in size and are now ‘effed…as the offers still ain’t there in size…hence the speed of the move.
This could be a classic Algo trade …that worked for ages…..until they tried to get out.
Platinum could go ape here, as it always was a very thin market……